ATFCX vs FMUSX

Both ATFCX and FMUSX are mutual funds. ATFCX has a lower 5-year return than FMUSX (0.23% vs 0.81%). ATFCX has a higher expense ratio than FMUSX (1.33% vs 0.36%). Below is the comparison between ATFCX and FMUSX.

ATFCX FMUSX
Security Type Mutual fund Mutual fund
Segment Tax Exempt Fixed Income: Muni National Short Tax Exempt Fixed Income: Muni National Short
Family Invesco Federated
Net Assets $69.90M $1.66B
Expense Ratio 1.33% 0.36%
Management Style active active
Dividend Yield 0.26% 0.32%
Minimum Investment $1,000.00 $25,000.00
YTD Return -4.23% -1.34%
1-Year Return -2.62% -0.78%
3-Year Return -0.22% 0.37%
5-Year Return 0.23% 0.81%
10-Year Return 0.61% 0.73%

ATFCX

ATFCX description

The Fund seeks to generate as high a level of tax-exempt income as is consistent with the preservation of capital, by investing in high-quality, intermediate-term municipal securities that have a maturity of 10 years or less.

ATFCX performance & returns

YTD Return -4.23%
1-Month Return -0.51%
3-Month Return -2.62%
1-Year Return -2.62%
3-Year Return -0.22%
5-Year Return 0.23%
10-Year Return 0.61%
ATFCX expense ratio is 1.33%.

ATFCX holdings

Top 10 Holdings (13.14% of Total Assets)

Name Symbol % Assets
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.09% N/A 2.45%
TENNESSEE ENERGY ACQUISITION CORP GAS REV 5.25% N/A 1.78%
GULF COAST INDL DEV AUTH TEX REV 0.05% N/A 1.60%
METROPOLITAN TRANSN AUTH N Y REV 0.1% N/A 1.56%
BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4% N/A 1.27%
NEW YORK N Y CITY INDL DEV AGY REV 0.12% N/A 1.13%
ARIZONA HEALTH FACS AUTH REV 0.08% N/A 0.97%
MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.08% N/A 0.86%
CHESAPEAKE BAY BRDG & TUNL DIST VA REV 5% N/A 0.78%
MIZUHO FLOATER / RESIDUAL TR VAR STS 0.36% N/A 0.74%

ATFCX pros

None that we could think of.

ATFCX cons

The following are ATFCX weaknesses from our perspective:

  • ATFCX net assets are $69.90 million. This fund is not a popular choice with retail investors.
  • ATFCX 3-year return is -0.22%, which is lower than the 3-year return of the benchmark index (S&P Municipal Bond TR), -0.07%.
  • ATFCX 5-year return is 0.23%, which is lower than the 5-year return of the benchmark index (S&P Municipal Bond TR), 1.43%.
  • ATFCX 10-year return is 0.61%, which is lower than the 10-year return of the benchmark index (S&P Municipal Bond TR), 2.37%.
  • ATFCX expense ratio is 1.33%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.

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FMUSX

FMUSX description

The Fund seeks to provide current income exempt from federal regular income tax. Invests at least 80% of its assets in a portfolio of tax-exempt securities issued by state and local governments, and of primarily investment grade or of comparable quality. Dollar-weighted average portfolio duration is one year or less.

FMUSX performance & returns

YTD Return -1.34%
1-Month Return -0.15%
3-Month Return -0.78%
1-Year Return -0.78%
3-Year Return 0.37%
5-Year Return 0.81%
10-Year Return 0.73%
FMUSX expense ratio is 0.36%.

FMUSX holdings

Top 10 Holdings (14.60% of Total Assets)

Name Symbol % Assets
PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 0.17% N/A 2.06%
PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 0.4% N/A 1.76%
PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 0.65% N/A 1.74%
NUVEEN AMT-FREE MUN CR INCOME FD 0.68% N/A 1.74%
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 0.75% N/A 1.74%
J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 0.29% N/A 1.45%
TEXAS ST 4% N/A 1.44%
PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 0.76% N/A 1.39%
PORT CORPUS CHRISTI AUTH TEX NUECES CNTY SOLID WASTE DISP REV 0.33% N/A 1.28%

FMUSX pros

The following are FMUSX strengths from our perspective:

  • FMUSX 5-year return is 0.81%, which is in line with the 5-year return of the benchmark index (Bloomberg Municipal 1 Yr 1-2 TR USD), 0.86%.
  • FMUSX 10-year return is 0.73%, which is in line with the 10-year return of the benchmark index (Bloomberg Municipal 1 Yr 1-2 TR USD), 0.8%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

FMUSX cons

The following are FMUSX weaknesses from our perspective:

  • FMUSX 3-year return is 0.37%, which is lower than the 3-year return of the benchmark index (Bloomberg Municipal 1 Yr 1-2 TR USD), 0.5%.
  • FMUSX 15-year return is 1.22%, which is lower than the 15-year return of the benchmark index (Bloomberg Municipal 1 Yr 1-2 TR USD), 1.48%.

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